Freeport-McMoRan (FCX) stock jumps as copper firms and JPMorgan lifts target ahead of earnings
Freeport-McMoRan shares rose 4.4% to $56.59 Friday as copper prices climbed and JPMorgan raised its price target to $68. Goldman Sachs also lifted its copper forecast for the first half of 2026. Investors face a Jan 15 dividend record date and await the Jan 22 earnings report. Rio Tinto confirmed early merger talks with Glencore, sending sector shares moving.